Budget 2021: Petrol, Diesel, Liquor Etc To Cost More With Agriculture Cess
New Delhi, February 1, 2021: As per the budget presented by Finance Minister Nirmala Sitharaman, the government has decided to impose agricultural cess on many items including diesel – petrol, alcohol. The government will impose an agricultural cess of Rs 2.5 per liter on petrol and Rs 4 per liter on diesel.
However, this cess will not entail an additional burden on consumers. Finance Minister Nirmala Sitharaman said that the rate of basic excise duty and additional excise duty has been reduced with the increase in the Agricultural Cess (Imposition of Agriculture Infrastructure and Development Cess). Due to this, there will be no additional burden of agricultural cess on the consumer as a whole.
Wine will be expensive
The government has imposed 100 percent cess on imported liquor. There will be a huge increase in the prices of liquor after it is planted. The government has announced that the new Agri Infra Development Cess will be implemented from tomorrow itself. According to this, drinking alcohol from tomorrow will also be expensive, because, in the budget, 100 percent agri infra cess has been imposed on alcoholic beverages.
After the increase of 100% cess on liquor, the price of liquor is going to increase. Different states have different alcohol prices. Alcohol is excluded from the purview of GST. In such a situation, the prices of liquor in different states will increase according to the tax rate.
Agricultural cess on these as well
Apart from petrol diesel, agricultural cess has been imposed on many items. It also contains alcohol (100 percent), gold and silver (2.5 percent on the bar), crude palm oil (20 percent), soybean, and sunflower oil along with apples and peas. This cess will be applicable from 2 February.
